Notice: Undefined variable: imageSource in /var/customers/webs/jaiyeola/takinra.com/wp-content/themes/abntv/bf_wp_apps/bf_functions.php on line 10856 Warning: getimagesize(): Filename cannot be empty in /var/customers/webs/jaiyeola/takinra.com/wp-content/themes/abntv/bf_wp_apps/bf_functions.php on line 10856 300,000 N-Power Beneficiaries To Get CBN Loan — FG
07 Jul 2022
Sign In
Your Cart 2 items
Subtotal : $1559

300,000 N-Power Beneficiaries To Get CBN Loan — FG

  • 0
  • 169

300,000 N-Power Beneficiaries To Get CBN Loan — FG

The Federal Government, on Thursday, said that there was an exit programme for about300,000 N-Power beneficiaries to get loans from the Central Bank of Nigeria, CBN.

The Minister of Human Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouk, made the revelation during the weekly ministerial media briefing organized by the Presidential Communications Team, at the Presidential Villa, Abuja.

READ More
Air Force Jet Fighting Terrorists Accidentally Bombs Villagers

She said the government had a plan of putting about 300,000 applicants on a training programme while the CBN will provide them loan.

The minister said: “On the N-Power, thank you for bringing that up and you asked another question if anybody really benefited from the N-programme.

“We have 500,000 that have been on the programme with Batch A and Batch B being on the programme for four years and two years.

READ ALSO: Ikpeazu Visits Scene Of Cattle Market Attack In Ukwa West, Vows To Fish Out Perpetrators

“The Batch A was on the program for about four years and we were giving them N30,000 stipends monthly. And the Batch B benefited for two years.

“So yes, the N-power beneficiaries have benefited because these are people who were not employed who had nothing to do, were engaged and were being paid stipends to use to earn a decent living. 

“On the exit programme. Yes, we have an exit strategy in partnership with the Central Bank of Nigeria.

“And out of this 500,000, about 300,000 indicated interest to be put on an exit programme where you can be trained on different skills and they will be given loans by the Central Bank of Nigeria, CBN, for them to start their businesses.

“We have gone far. We are in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people will be given these loans by the CBN.

READ More
I Have Not Picked Funke Akindele As My Running Mate - Jandor, Lagos PDP Guber Candidate

“As a government agency, the ministry does not give loans. So, we have to partner with those institutions that can do that.

“Unfortunately, some of these people were not very wise in their savings. But for anybody that’s really serious, most of them have saved.

bc

“About 109,000 of the N-Power beneficiaries have become entrepreneurs.

“They are now employers of labour and we have evidence of that which can be provided to you.”

Prev Post I Have Not Picked Funke Akindele As My Running Mate - Jandor, Lagos PDP Guber Candidate
Next Post I Have Not Picked Funke Akindele As My Running Mate - Jandor, Lagos PDP Guber Candidate
Related Posts

Disclaimer

Comments expressed here do not reflect the opinions of ABNTv or any employee thereof.
Commnets 0
Leave a comment
or

For faster login or register use your social account.

Connect with Facebook